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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2018 balance sheet showed long-term debt of $2.65
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $2.5 million, and the 2018 balance sheet showed long-term debt of $2.65 million. The 2018 income statement showed an interest expense of $100,000. What was the firm's cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) X Answer is complete but not entirely correct. Cash flow to creditors 2.600,000 X Saved The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.4 million, and the 2018 balance sheet showed long-term debt of $5.6 million. The 2018 income statement showed an interest expense of $175,000. During 2018, the company had a cash flow to creditors of -$25.000 and the cash flow to stockholders for the year was $80,000. Suppose you also know that the firm's net capital spending for 2018 was $1,390,000, and that the firm reduced its net working capital investment by $73,000. What was the firm's 2018 operating cash flow, or OCE? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Operating cash flow
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